Property value increases in Richmond have tracked just lower than the VIC average of 4.75% over the last 12 months.
Over the longer term, Richmond has seen property prices show investors a 13.49% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Richmond is $1220000, with sellers offering an average of -6.68% off the asking price.
On average over the past year, suburb has had 22.17 sales per month, which equates to 266 per year.
Richmond is 507th on a list of best yielding suburbs for rents in VIC with a 2.90% return
Property value increases in Richmond have tracked just lower than the VIC average of 3.42% over the last 12 months.
Over the longer term, Richmond has seen property prices show investors a 4.11% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Richmond is giving property investors an average Vendor Discount of around -4.59%. This puts suburb at number 179th in VIC when ranking the most discounted suburbs.
The VIC suburb of Richmond, 3121 is in the Yarra (C) local government area.